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Netflix, Inc.

5/25/2013, 5:05 PM ET

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Friday, May 24, 1:40 PM Add KKR and Silver Lake Management to the list of bidders for Hulu (CMCSA, DIS, NWS), according to Bloomberg. Earlier reports indicated Time Warner Cable (TWC -0.8%), Guggenheim Digital, and DirecTV (DTV -0.6%) are in the hunt. What to watch: Some analysts think Hulu could evolve into a payment authentication system for the cable industry, while others bet that a single media/tech company will snap up the firm to create a unique position for itself in video - either as a premium streaming service or an ad-supported content monster. Either way Netflix (NFLX -0.5%) is watching. 1 Comment [Consumer, Tech]
Wednesday, May 22, 12:52 PM Netflix (NFLX -1.2%) CCO Ted Sarandos says "Phase 2" of the company's slate of original programming could be double in size and tip toward "wildly" diverse audiences. He thinks Netflix will stay away from the development business, but will continue a hybrid approach to content licensing. He also sees binge viewing changing the way series are written due to the reduced need to rely on recaps and cliff-hangers Comment! [Consumer]
Tuesday, May 21, 12:59 PM Five of 2013's biggest tech high-flyers - SolarCity (SCTY -10.1%), Himax (HIMX -6%), UniPixel (UNXL -9.1%), SunPower (SPWR -5.2%), and Ubiquiti (UBNT -4.4%), are seeing heavy losses today. Netflix (NFLX -0.9%), another big 2013 winner, is down moderately. Is this a sign tech momentum investors are looking to take some cash off the table? YTD gains: SCTY +287%. HIMX +200%. UNXL +72%. SPWR +282%. UBNT +56%. NFLX +156%. Comment! [Tech, On the Move]
Tuesday, May 21, 12:51 PM Netflix (NFLX -1.5%) could pass all cable networks and perhaps even a major network this summer in terms of hours watched per month as the streaming service launches Arrested Development just as the traditional network season winds down. The feat is fairly impressive when it's considered that the service is only 28M homes - compared to the +100M penetration of cable networks. Q1 scorecard of viewer hours/month (via BTIG): CBS 3.3B; ABC 2.6B; NBC 2.3B; Fox 1.9B; Disney Channel 1.3B; Netflix 1.2B. 4 Comments [Consumer]
Monday, May 20, 11:15 AM Pinterest says it's in partnership with several retail brands including Target (TGT -0.8%), Netflix (NFLX +0.3%), and Sony (SNE +2.8%) to include more detailed information on product pins. The photo-sharing website is starting to draw more interest from retailers due to its higher signal-to-noise ratio and average user income than other social networking sites. Comment! [Consumer]
Thursday, May 16, 1:12 PM Netflix (NFLX -2.8%) strengthened its position as the leading engagement app on tablets, according to usage data tracked by NPD. In March, Netflix users spent 2.5 hours per active tablet a week on the service and averaged 45 minutes a session. The user tracking also indicated a high percentage of users are accessing Netflix through wi-fi connections which may ease concerns of the NFLX impact on cellular networks. Comment! [Consumer]
Thursday, May 16, 5:00 AM Based on his latest 13F filing with the SEC, Carl Icahn put in a solid Q1 as the value of his holdings rises from $12.9B at the end of Q4 to $16.9B as of March. New additions include loudly trumpeted stakes in Herbalife (HLF) and Dell (DELL) as well as a 3.7M share stake in Nuance Communications (NUAN). Icahn's Netflix (NFLX) stake remains on the books and is now worth more than $1B. Comment!
Wednesday, May 15, 12:50 PM The Qwikster debcale makes Netflix (NFLX +4%) wary of raising prices for now, says CFO David Wells at a JPMorgan conference. "We're still mindful that any negative pricing things could set that fire off again." Wells acknowledges Arrested Development's May 26 launch (previous) "might have an impact" on Q2 subscriber adds, given its "very, very loyal fan base," but tries to temper hopes for a surge. Unsurprisingly, Netflix has no plans to sell ads. The company remains in talks with Epix and Viacom; a deal with the latter will expire this month. Comment! [Tech, Consumer]
Wednesday, May 15, 9:54 AM More on Netflix: Some positive sell-side notes are helping shares rally to levels last seen in Aug. '11 (NFLX +4.2%). RBC, which launched coverage with an Outperform on March 5, has raised its PT to $250, arguing EPS could eventually top $10 - the 2014 consensus is $3.13. Also, BTIG (Buy, $250 PT) reports a survey of 427 people in line at a Bluth Frozen Banana Stand set up to promote the May 26 launch of Arrested Development found 86% were Netflix subscribers, and 63% of the remainder said they would/are likely to subscribe because of AD (is this a case of selection bias?). 1 Comment [Tech, On the Move, Consumer]
Wednesday, May 15, 9:19 AM A new study finds Netflix (NFLX) accounts for close to a third of all traffic on broadband networks in North America, roughly the same level as a year ago. Though the company is a drain on broadband providers, it's a symbiotic relationship as its growing popularity also offers cable/satellite/telco companies an easier way to upsell customers faster speeds. 7 Comments [Consumer]
Wednesday, May 15, 8:02 AM Netflix (NFLX) CEO Reed Hastings tells the Financial Post that he thinks traditional fixed TV services will die out as a "bunch of different apps" compete for the time and money of consumers. The exec also said during the expansive interview that he doesn't see Netflix raising its $8 monthly fee despite rising content costs. 13 Comments [Consumer]
Monday, May 13, 2:13 PM "I think Netflix (NFLX +4.1%) could be this decade's Amazon," says Whitney Tilson in a Yahoo talk (video). Though Tilson admits to "trimming" his position during Netflix's run-up, he still considers it undervalued relative to other media providers - "They're trading at $400 per subscriber in a world of $1,000 per sub" - and argues its scale gives it a big edge - "Who else is going to spend $3 billion a year for streaming content?" Of course, many of the firms valued at $1,000/sub are getting a lot more than $8/month. Netflix investors seem to be betting the company's library and customer loyalty will allow it to raise prices over time. (U.K. deals) 7 Comments [Tech, On the Move, Consumer]
Monday, May 13, 10:02 AM Netflix (NFLX +3.9%) will add a selection of exclusive titles from Disney, Marvel, and Dreamworks to its service in the U.K. and Ireland over the next few months. The addition of the fresh content is aimed primarily at family audiences. 1 Comment [Consumer]
Friday, May 10, 1:21 PM "We haven't sold a share of Netflix (NFLX +0.5%)," says Carl Icahn in an animated CNBC appearance (video) highlighted by broadsides fired at Michael Dell and (Dell short) Jim Chanos. The comments have helped Netflix, which has nearly tripled since Icahn disclosed his stake in the company last October, tick slightly higher. 2 Comments [Tech, Consumer]
Thursday, May 9, 10:20 AM Netflix (NFLX -0.5%) adds shows from Disney Junior and Disney XD to its streaming service. The development follows a pricey exclusivity deal the company struck with Disney. For now, the kids section of Netflix's programming will be kept free of commercials but the lure of cereal and toy advertising dollars could change that at a future date. 3 Comments [Consumer]
Wednesday, May 8, 8:43 AM Spark Networks (LOV) jumped 4.4% yesterday as Whitney Tilson - looking for the next Netflix (NFLX) - thinks he's found it with the owner of JDate and ChristianMingle. Subscription-based, low price and high perceived value, dominating a niche, asset-light and scalable - what's not to like? Tilson's been an owner (through former partner Glenn Tongue) for 3 years and recently tripled his postion to 1.9% of the company. 1 Comment [Quick Ideas]

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